Barnett Capital LTD, located in Chicago, IL is a Family Office, founded by Joel Barnett, which provides high yield debt for owners of commercial & residential real estate and companies in need of financing for inventory and equipment. Mr. Barnett, for the past 30 years, has captained the firm that bears his name with the sole purpose of sourcing and managing investment opportunities for his family.

The proceeds of this $ 61MM, 75% LTV, CMBS loan were used by the borrower for the refinance of full recourse lines of credit that had been used to acquire, renovate and re-tenant 20 industrial properties, totaling 2MM square feet. The senior debt had a 10-year fixed term and a 25 year amortization schedule and required no personal guarantees. The non-recourse, permanent financing will allow Barnett Capital to expand its core lending business and continue providing capital to organizations and individuals, who are unable to obtain traditional bank financing.

According to a senior underwriter at Terrace Capital, Barnett had specific requirements which had to be met for certain business needs such as maximum leverage, the ability for partial releases of collateral and the flexibility to use letters of credit for reserves, instead of cash. Despite the challenges of working with single tenant buildings, multiple short term leases and several tertiary locations, Terrace was able to structure a max leverage CMBS deal which allowed for partial releases with acceleration rates as low at 105%, by cross collateralizing the assets and minimal use of letters of credit to mitigate lease rollover risk.

About Terrace Capital

Terrace Capital focuses on non-recourse loans and preferred equity of $ 5MM and greater on income-producing retail, office, industrial, multifamily, self-storage and hotel properties throughout the continental United States.

The Firm is a leader in providing permanent mortgages and equity for wide range of real estate transactions.

For more information about Terrace Capital and the services it provides, go to http://www.terracecapital.com.

Sense Financial Services strives to help all of their customers get ahead financially, whether it’s opening a self-directed retirement account, helping client plan for debt-free living, estate planning or protecting families with life insurance. They frequently hold seminars to introduce their services to the public and give individuals an information filled program about how the attendees can take the right steps towards more secure financial future.

One recent testimonial came from Patrick Prunty, resident of Long Beach in Southern California. A client explains how the team at Sense Financial Services, helped him buy another piece of real estate when he was pretty sure he wouldn’t be able to get another piece of property to add to his portfolio. Lenders had told the client that, due to the poor lending market, the client couldn’t qualify for any new loans. After attending one of the Sense Financial Services seminars, the client learned information which allowed him to pay cash for a piece of investment property using his retirement funds within six weeks of attending the seminar. Of this, the client said, “The information I learned was phenomenal. I learned that I could diversify my retirement portfolio by using funds from my Roth IRA to buy real estate [and that is] exactly what I did.”

Sense Financial team assisted the client in creating a Self Directed IRA LLC in which he put some of his Roth IRA savings. Now he has complete control over the money and can use it to invest in real estate through the LLC. Since he already paid tax on contributions in his Roth IRA, all of the profits and gains including rental income and capital gains will not be taxed. While at this time the funds are tied up in the investment, and not available for him to use personally, this investment vehicle will generate tax-free income for the rest of his life, which he will have access during his retirement years!

Sense Financial is the Californias leading provider of retirement accounts with Checkbook Control: Solo 401k and Checkbook IRA. Over the years they assisted hundreds of clients obtain checkbook control over their retirement accounts while providing them the ability to invest in virtually any investment class, including real estate, private lending, mortgage notes and much more without the need for custodian approval!

The company was founded to assist middle-American families with planning for their future. The concepts they teach and promote are based on proven Biblical principles:

????Get out of debt (The borrower is servant to the lender. Proverbs 22:7)
????Set Goals (Good planning and hard work lead to prosperity Proverbs 21:5)
????Invest for the future (The wise man saves for the future, but the foolish man spends whatever he gets. Proverbs 21:20)
????Diversify your investments (Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth. Ecclesiastes 11:2)

From the years of experience they found that following these time tested principles will lead to financial success. However, violation of these principles will bring financial failure.

The Hampshire Companies, a full-service, private real estate investment firm with equity in assets valued at over $ 2.5 billion, which operates under the Hampshire Self Storage name, has announced that it has sold 10 of its self storage facilities to Extra Space Storage Inc. totaling more than 7,433 units and 740,822 square feet. Hampshire will retain ownership of a second portfolio, which totals 5,993 units and 603,606 square feet of rental space, which includes four facilities in Puerto Rico as well as sites in Denville, N.J., Hackensack, N.J., Burlington, N.J., Cherry Hill, N.J. and Richmond, Va. Extra Space Storage has assumed management for these properties that are now operating under the Extra Space Storage brand.

At Hampshire, we believe experience is one of our greatest assets, which is what continues to make our self-storage business so successful, said James E. Hanson, II, President and CEO of The Hampshire Companies. We translated more than two decades of self-storage experience into a viable and highly successful portfolio of state-of-the-art facilities that raised the bar on customer satisfaction and affordability. The timing for this deal was right, and we felt confident entering into it, given Extra Spaces strong reputation and service standards.

Hampshire has more than 20 years of self storage experience, formerly operating as a Storage USA franchisee in the late 1990s, then as developer, and now as an owner and operator.

Spencer Kirk, Chief Executive Officer of Extra Space Storage (NYSE: EXR), stated, We are excited to increase our footprint in the New Jersey and New York markets. We have forged a strong partnership with The Hampshire Companies that is proving beneficial for both parties, now and into the future.

HFF marketed the properties exclusively on behalf of the seller, The Hampshire Companies. The HFF team representing Hampshire was led by senior managing director Aaron Swerdlin and senior managing director Jon Mikula.

To learn more about Hampshire Self Storage and to find a location near you, please visit http://www.hampshireselfstorage.com or call (866) 516-6143.

About The Hampshire Companies

The Hampshire Companies is a full-service, private real estate investment firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on the Hampshire Companies is available online at http://www.hampshireco.com.

About Extra Space Storage Inc.

Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust. As of June 30, 2012, the Company owned and/or operated 882 self-storage properties in 34 states and Washington, D.C. The Companys properties comprise approximately 585,000 units and approximately 64 million square feet of rentable storage space offering customers conveniently located and secure storage solutions, including business storage. Extra Space Storage is the second-largest owner and/or operator of self-storage properties and is the largest self-storage management company in the United States. For more information, visit http://www.extraspace.com.